US Competitiveness Projected to Worsen | Tax Foundation Skip to content Home • Blog • Changing Tax Policy Landscape Will Worsen U.S. Competitiveness Nearly six years ago, the Tax Cuts and Jobs Act (TCJA)The Tax Cuts and Jobs Act in 2017 overhauled the federal tax code by reforming individual and business taxes. It was pro-growth
Taxes
2024 State Business Tax Climate Index | Tax Foundation Skip to content Table of Contents Launch Our Interactive Tool Executive Summary The TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Foundation’s State Business
Pennsylvania Cigarette Markups Could Cost $47 Million per Year Skip to content Home • Blog • Pennsylvania Cigarette Minimum Markups Will Cost the State $47 Million per Year Minimum price markups may not be a taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to
CCCTB vs. BEFIT: EU Corporate Tax Base: Details & Analysis Skip to content Home • Blog • CCCTB vs. BEFIT: How Have the Proposals Changed? The European Union (EU) has tried to create a common corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject
Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Skip to content Home • Blog • Most Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Although interest rates are expected to fall as inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of
Nikki Haley Gas Tax Repeal: Details & Analysis Skip to content Home • Blog • Nikki Haley’s Plan to Eliminate the Federal Gas Tax Would Be a Mistake At the most recent Republican primary debate, former governor and United Nations ambassador Nikki Haley (R-SC) proposed eliminating the federal gas taxA gas tax is commonly used
Federal Budget Deficit Grew to $2 Trillion in FY 2023 Skip to content Home • Blog • Federal Deficit Grew to $2 Trillion in FY 2023 Outside of the pandemic years, this year’s federal deficit is the highest in U.S. history. Preliminary figures from the Congressional Budget Office (CBO)The Congressional Budget Office (CBO) provides nonpartisan
US Consumption Tax vs Income Tax Reform: Details & Analysis Skip to content Table of Contents Key Findings Improvements in the long-run standard of living largely depend on peoples’ willingness to work and their ability to invest in capital. TaxA tax is a mandatory payment or charge collected by local, state, and national governments from
2023 Spanish Regional Tax Competitiveness Index Skip to content Below is an excerpt of the 2023 Spanish Regional Tax Competitiveness Index (RTCI), a recent report published in collaboration with Fundación para el Avance de la Libertad. Click the link above to download the full report in Spanish. Executive Summary The Regional TaxA tax is a mandatory payment
Arkansas Tax Reform: Next Steps | Tax Foundation Skip to content Note: Below is an excerpt from our recent guide, “The Future of Arkansas Tax Reform: Next Steps on the Road Map to Competitiveness.” Download the full report above. Arkansas TaxA tax is a mandatory payment or charge collected by local, state, and national governments
501(c)(3) Nonprofit Revenue Data: Details & Analysis Skip to content Home • Blog • Nonprofits are Financially Healthy and Doing Big Business Can an organization rightfully be called a “nonprofit” if it almost always makes money? And what if most of that organization’s income comes from “business income,” should it legitimately be considered a “charity”?
Labor Share of Net Income is Within Its Historical Range Skip to content Home • Blog • Labor Share of Net Income is Within Its Historical Range As increased political attention focuses on the state of the American worker, expect to see a resurgence of the argument that the labor share of income is in